Category: Annuities

ATTORNEY NEWSLETTER Beware the Hype Consumer Risks, Especially For Seniors Unrealistic Expectations Based on years of litigation experience, our lawyers recommend consumers, especially senior consumers, avoid annuities or life insurance.  Insurance carriers, marketing groups and agents advertise tantalizing interest rates on annuities sometimes equaling 7%.  Sounds great in the low-interest […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Your Retirement Portfolio Does Not Need An Annuity Annuities are insurance policies not investments like CDs, stocks and bonds, or mutual funds. Like other insurance products, annuities are complicated contracts and produce high commissions for the agents that sell them.  Our litigators recommend […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Nationwide Life and Annuity Insurance Company Annuities Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, Nationwide High Point 365 ©, and Nationwide High […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Insurance Agents and Banks Earn Commissions on Sales America has been in a low-interest-rate economy for years and returns on Certificates of Deposit, bonds and money market funds have been on the low side for some time.  Now bank rates and bond interest […]

ATTORNEY NEWSLETTER Downsides to Variable and Indexed Annuities Know the Risks Before You Buy Insurance industry figures show sales of variable and indexed annuities have increased in the past few months. Our litigators recommend against variable and indexed annuities for any consumers, especially seniors. All annuities are complicated and risky, […]

ATTORNEY NEWSLETTER Nationwide Life and Annuity Insurance Company Annuities Nationwide’s New Heights and High Point Fixed Indexed Annuities Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California and throughout the United States under the trade names Nationwide New Heights©, Nationwide […]

ATTORNEY NEWSLETTER The Downsides to Annuities in Retirement Plans Consider Other Tax-Deferred Options Risks to Seniors Our litigators recommend against annuities because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it. We especially advise against any such investment for […]

ATTORNEY NEWSLETTER Balanced Choice Annuities From Athene Annuity and Life Company Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California and throughout the United States under the trade names BCA Elevate©, Balanced Choice ©, and Balanced Choice Annuity Elevate ©. These contracts, […]

ATTORNEY NEWSLETTER How Insurance Agents May Financially Exploit Seniors Unscrupulous insurance agents, financial advisors and trustees target vulnerable seniors for financial elder abuse. A recently reported California case[1] illustrates what can happen to unsuspecting elderly consumers.  According to a complaint filed by an elderly couple in Southern California, an independent […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Nationwide Life and Annuity Insurance Company Annuities Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, Nationwide High Point 365 ©, and Nationwide High […]